Carey Business School Global MBA Students Visit Montgomery County Campus, Get Inspired by Shady Grove Life Sciences Center Plans
For the second year, the JHU Carey Business School has bussed 30+ Global MBA students to Rockville to learn more about the university’s Montgomery County Campus, the Shady Grove Life Sciences Center, and the County’s plans for the bioscience/healthcare sector.
The program, titled “Bioparks and Commercializing Scientific Discoveries,” included presentations by Elaine Amir, Executive Director, Johns Hopkins Montgomery County; David Lee from Private Raise, which is located on the campus; Lily Qi from the County Executive’s Office, and Dave Sislen, an instructor in the school’s MS in Real Estate program and president of Bristol Capital Corporation in Bethesda.
Amir (pictured left) provided an overview of the Shady Grove Life Sciences Center and a description of the Great Seneca Science Corridor Master Plan. Lee focused on bridging the finance-science gap, emphasizing the important business skills that entrepreneurs can bring to scientists and the need for businesspeople to understand science. Qi introduced the students to Biohealth Innovation (BHI), a new innovation intermediary in Maryland that translates market-relevant research into commercial success by connecting management, funding and markets. Sislen talked about how he became a real estate investor and the ins and outs of real estate investing.
Both Qi and Sislen also spoke to a much broader theme – what the students should be focusing on during their two years in the Global MBA program.
Qi told the students that they need to spend their time building up their “toolbox” during their two years, especially when it comes to their analytical abilities, people skills, and, perhaps most importantly, writing abilities.
“I’m shocked by the number of highly intelligent, brilliant people who can’t communicate and can’t write,” she said. They need these skills, for example, to access funding, she added.
Sislen focused on thinking like a businessperson.
“The world changes,” he said. “You need to focus on getting an education that teaches you how to think. You need a firm understanding of the fundamentals and theories behind the business world.”
Like Qi, Sislen also emphasized the need to be able to write and think critically.
Students praised the seminar for providing inspiration and insight into the many business opportunities in healthcare, in biotechnology, and in Montgomery County.
“As MBA candidates, it is inspiring to see first-hand the role of business in science,” said student Lina Kay.
Student Menglei Xu was most inspired by Qi’s talk on BHI.
“BHI provides great connection for transferring technology from lab to market,” Xu said. “This innovative model not only encourages designing more creative products, but helps improve local economies and provides more jobs for local people as well. This is a great learning opportunity for us to understand how to discover the market value of the biotechnology industry.”
The program concluded with a bus tour of the Shady Grove Life Sciences Center.
“The Johns Hopkins Montgomery Campus is the prime example of what innovation can accomplish,” said student Justin Sasaki. “Though we didn’t have a chance to learn more about the incubation process for small companies, the tour of the Life Sciences Center was eye opening. There are so many opportunities for development in the city, and for an MBA student such as myself, the possibilities of growth are limitless.”